Sep 2, 2019 | FinTech, News
← Previous Article Next Article → Last week, the planning department for Ottawa proposed restrictions for new payday loan businesses in the city. The proposal stems from a decision by the Ontario provincial government last year to allow cities to determine...
Aug 23, 2019 | FinTech, News
← Previous Article Next Article → Earlier this week, the Conference of State Bank Supervisors (CSBS) announced three new tools aimed to help fintech firms “navigate the state regulatory system and protect against cyber risks.”The tools include the...
Aug 23, 2019 | FinTech, News
← Previous Article Next Article → According to a new report, global fintech firms saw 838 deals worth $15.1 billion in the first half of 2019. If this trend continues through the year, the number and value of fintech deals will be lower than in 2018.Global...
Aug 15, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → Senator Elizabeth Warren (D-MA), alongside Congresswomen Raja Krishnamoorthi (D-IL), Ayanna Pressley (D-MA), and Katie Porter (D-CA), sent a letter on August 14 to Kathy Kraninger, the Director of the Consumer Financial...
Aug 9, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced the results of its No-Action Letter given to fintech company Upstart Network in late 2017. With the no-action policy, Upstart was able to show that...
Jul 26, 2019 | Federal Regulation, FinTech, News
← Previous Article Next Article → The payment provisions of the Consumer Financial Protection Bureaus’ (CFPB) small-dollar rule (the Rule), also known as the payday rule, is set to go into effect on August 19, 2019. Last month, the CFPB updated its Small...
